How To Stop A 51% Attack INSTANTLY! (₿itcoin) 🚫👩‍💻

In this follow-up video, we discuss various ways that a 51% attack on ₿itcoin could be stopped by ₿itcoin Core devs, full nodes, and ASIC manufacturers. 51% attacks are not as dangerous as many people believe. They CANNOT be used to rewrite the whole ₿itcoin blockchain, create fake ₿itcoin, increase the ₿itcoin max supply of 21 million, steal your ₿itcoin, or change any of the consensus rules.

They CANNOT be used to make a lot of money from double spends either, so it is unlikely that a profit-minded attacker would ever use it.

All that 51% attacks can do is to annoy people by making ₿itcoin transactions take longer, censoring certain transactions, or temporarily stopping all ₿itcoin transactions by mining a series of empty blocks.

To do a 51% attack, a government would need to buy, build, or steal a lot of ₿itcoin mining rigs (ASICs), which is basically impossible to do without the world noticing.

So what happens when ₿itcoiners learn that a 51% attack by the US government is on the horizon or has already started?

₿itcoin Core devs create one line of code that blacklists miners with US-based IP addresses and whitelists miners with overseas IP addresses. These devs cannot force full nodes to run this software, but economically incentivized ₿itcoiners running nodes will certainly run it.

Mempools would also back up, leading to much higher transaction fees, that would incentivize more economically minded ₿itcoin miners to plug in, thus reducing the attacker's % control of the hash rate.

₿itcoin has a very strong social layer (smart, wealthy) that will do everything in its power to defend ₿itcoin. Nobody is just going to sit on the sidelines and watch ₿itcoin die.

Once the 51% attack was over and the world saw the ₿itcoin network still operating as usual--

There would be a mad rush to get some of this special money that even a nation-state attacker like the US government was unable to stop.

Watch this video first:
Can the Government Hack, Attack and Stop ₿itcoin if they wanted to? 🤔
https://rumble.com/v2fc8dw-can-the-government-hack-attack-and-stop-itcoin-if-they-wanted-to-.html

Map of ₿itcoin nodes:
https://bitnodes.io/

Original Video by Trader University: https://www.youtube.com/watch?v=cYpLQtcBCNI

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